Sonim Technologies Inc (SONM) saw an uptrend of 75627645% in the recent trading with $2180000.0 being its most recent. The current price level -88.22% lower than the highest price of $10.70 marked by the stock while trading over the past 52-weeks, whereas it is 48.24% higher than the lowest price of $0.85 the company dropped to over past 52-weeks. The latest news story on SONM appeared in (Newsfile) under the title “Sonim Technologies Signs Letter of Intent for Reverse Takeover with a Full Stack A.I. Factory Provider” on Today.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
Sonim Technologies Inc Earnings – What Happened With SONM
Coming around sales and income figures on SONM Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
Sonim Technologies Inc – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 6.33 million. SONM does have institutional investors; and they hold 1.21% of the stock.
As on 2024-06-30, SICART ASSOCIATES LLC was the top most holder in Sonim Technologies Inc (NASDAQ:SONM) with an ownership of 0.41 million shares of the company or 0.942 of the stake worth $0.41 million. The filing also reveals VANGUARD GROUP INC as the second largest holder in the company with a control over 0.6948 of the outstanding shares. Its stake is worth $0.3 million for having 0.3 million shares in hand.
GEODE CAPITAL MANAGEMENT, LLC also came holding a key position in the company during the recent quarter and it now holds 0.4725 of the outstanding shares. With this there are now 12.0 institutions which have possession in SONM’s shares.
Key Metrics forSONM
Technical Analysis of Sonim Technologies Inc (NASDAQ:SONM) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Sonim Technologies Inc (SONM), we notice that the stock’s 20-day average volume is at 9,998,715 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 4,107,200 shares. And to end, SONM’s 100-day average volume is 2,146,095 shares with 100% of the long-term indicators pointing towards Sell for the stock.
